HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

Free
Message: Tendering to the Noront Offer

And if there could be any change/ammendment of the offer to Freewest, I would only favour an equivalency to Cliffs', that is only for FWR's Ring of Fire assets.

In that case it would be a purchase of that resource and not a merge of companies. I think that would be a worse offer from present to FWR shareholder.

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